Review of Bank of Nova Scotia

OCT 10, 2024 - BNS has established itself as a leading bank in the Americas offering a broad range of services and products such as personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. The Bank employs 89,239 workers, has 2,279 branches and offices, and 8,584 automated-banking-machines (ABMs). BNS is the cheapest Canadian Bank and also pays the highest yield. We think further multiple expansion could occur as BNS executes on its strategy and continues to string together earnings beats. With a positive outlook we are maintain our rating of an A-.

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Royal Bank of Canada (RY $234.57)
- $234.57 P/E (TTM): 13.45X Cap: $328.44B
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Toronto-Dominion Bank (The) (TD $129.82)
- $129.82 P/E (TTM): 8.52X Cap: $221.62B
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- View Questions on TD
Bank of Nova Scotia (The) (BNS $102.40)
- $102.40 P/E (TTM): 14.33X Cap: $127.13B
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Q: I am a buy-and-hold total return value investor. I have a concentrated portfolio of eleven stocks. I don't worry about asset diversification. I hold FFH and BN in the financial space right now, but I'm considering selling BN and replacing it with a Canadian bank (not an ETF). What do you think of that plan? Which Canadian bank would you think would best fit my strategy? Could you please list three banks, in order of preference?

Thanks.

Read Answer Asked by Jack on January 02, 2026

Royal Bank of Canada (RY $234.57)
- $234.57 P/E (TTM): 13.45X Cap: $328.44B
- View RY Profile
- View Questions on RY
Toronto-Dominion Bank (The) (TD $129.82)
- $129.82 P/E (TTM): 8.52X Cap: $221.62B
- View TD Profile
- View Questions on TD
Bank of Nova Scotia (The) (BNS $102.40)
- $102.40 P/E (TTM): 14.33X Cap: $127.13B
- View BNS Profile
- View Questions on BNS
- View Reports on BNS
Enbridge Inc. (ENB $66.06)
- $66.06 P/E (TTM): 24.96X Cap: $144.09B
- View ENB Profile
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- View Reports on ENB
Sun Life Financial Inc. (SLF $86.32)
- $86.32 P/E (TTM): 15.88X Cap: $48.11B
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- View Reports on SLF
Constellation Software Inc. (CSU $3,239.07)
- $3,239.07 P/E (TTM): 155.38X Cap: $68.64B
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- View Reports on CSU
Dollarama Inc. (DOL $206.17)
- $206.17 P/E (TTM): 41.6X Cap: $56.44B
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Intact Financial Corporation (IFC $285.18)
- $285.18 P/E (TTM): 9.81X Cap: $50.70B
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Celestica Inc. (CLS $414.70)
- $414.70 P/E (TTM): 56.31X Cap: $47.70B
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Toromont Industries Ltd. (TIH $167.81)
- $167.81 P/E (TTM): 22.2X Cap: $13.65B
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Thomson Reuters Corporation (TRI $173.66)
- $173.66 P/E (TTM): 39.32X Cap: $77.25B
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Shopify Inc. Class A Subordinate Voting Shares (SHOP $216.13)
- $216.13 P/E (TTM): 68.41X Cap: $281.24B
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Brookfield Corporation Class A Limited Voting Shares (BN $64.09)
- $64.09 P/E (TTM): 103.81X Cap: $143.90B
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Q: We are looking to inject more growth into our TFSAs - can accept reasonable degree of risk. Looking for concentrated list 10 stocks for 3-5 year hold.

Read Answer Asked by sam on December 22, 2025

Toronto-Dominion Bank (The) (TD $129.82)
- $129.82 P/E (TTM): 8.52X Cap: $221.62B
- View TD Profile
- View Questions on TD
Bank of Nova Scotia (The) (BNS $102.40)
- $102.40 P/E (TTM): 14.33X Cap: $127.13B
- View BNS Profile
- View Questions on BNS
- View Reports on BNS
Bank of Montreal (BMO $181.61)
- $181.61 P/E (TTM): 12.71X Cap: $128.74B
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Manulife Financial Corporation (MFC $49.80)
- $49.80 P/E (TTM): 13.57X Cap: $83.91B
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TMX Group Limited (X $51.47)
- $51.47 P/E (TTM): 30.25X Cap: $14.31B
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- View Reports on X
Sun Life Financial Inc. (SLF $62.84)
- $62.84 P/E (TTM): 15.88X Cap: $35.01B
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Brookfield Asset Management Ltd. Class A Limited Voting Shares (BAM $73.39)
- $73.39 P/E (TTM): 42.43X Cap: $118.21B
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Q: My financial holdings are TD, BNS, BMO, MFC and SLF. With the recent surge in the banks I am looking to rebalance back to a 50/50 split between banks and insurance companies. If you were to add a third insurance company, which would it be? Or should I add a non-bank/insurance company like BAM or X which is still classified as financial? I am only interested in large cap, dividend-paying stocks.

Read Answer Asked by David on December 08, 2025